AML DATA AGGREGATION WILL BECOME MORE ATTRACTIVE, AS TRUST BUILDS IN AI SOLUTIONS
October 1st, 2019
Aggregated data on shared utility platforms operating across global financial services would “remove banks’ fiefdoms, internal silos that stop them from making the KYC process more informed” and “reduce the risk of bad actors entering the financial system through a weak link,” a report from financial services technology providers Celent, in Boston, USA, has claimed.
“The war for more effective KYC is to a large extent being fought on the battleground of unstructured data,” said Celent’s paper, released this May – see ...
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